Requirements for Certified Retirement Financial Advisor Designation

Certified Retirement Financial Advisor pic
Certified Retirement Financial Advisor
Image: investopedia.com

With more than two decades of experience in financial services, Darcy Bergen works as the president of Bergen Financial Group in Peoria, Arizona. He founded the firm more than 10 years ago. Darcy Bergen is a Certified Retirement Financial Advisor (CRFA).

Issued by the Society of Certified Retirement Financial Advisors, the CRFA designation means that a financial professional has completed an education program dealing with financial issues related to retirement. CRFA applicants must learn about Social security, estate planning, tax issues for retirees, and general retirement principles.

To obtain the CRFA designation, applicants must adhere to these guidelines:

* Secure three years’ working experience in financial services or have specific job skills or classroom training in the financial industry.

* Obtain 24 credits specified in the CRFA candidate application.

* Complete the 100-question, four-hour final examination, which is closed book and proctored, and earn a score of at least 70 to pass.

To maintain certification, individuals must complete 15 continuing education credit hours every year.

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